Token utility
What $CIT is used for, and what the token does not provide.
Governance
Proposals and token-weighted votes on protocol parameters, fee structures and the product roadmap
Interface fee discount
A discount on Venzo interface fees for holders, with no effect on any product's yield, NAV or returns
Service payments
Payment for eligible services across the stack, with partial fee discounts
Ecosystem incentives
Ecosystem grants, liquidity programmes, rewards for new users and growth campaigns. Rewards are distributed solely on ecosystem participation.
What $CIT does not provide
$CIT is a utility and governance token. Holding or using $CIT provides none of the following rights or protections.
Ownership or control: $CIT confers no share, equity, membership or other ownership interest in Primary Creative Limited or any affiliate, and no right to take part in their management.
A claim on product assets: $CIT gives no claim on, and no decision rights over, the assets held in any Curated Vault, OTP account or other City Protocol-powered product.
Revenue, profit or income: Holders have no entitlement to protocol revenue, fees, profits, dividends, interest or any other distribution.
Redemption or repurchase: No party undertakes to redeem, repurchase, buy back or burn $CIT using protocol revenue, or to support its market price or liquidity. Governance cannot direct protocol revenue, fees or treasury assets to $CIT holders or to buybacks or burns, and no reserve of assets backs the token.
A guaranteed return: $CIT confers no guaranteed return.
Investor protection: $CIT is not covered by any investor compensation scheme or deposit guarantee scheme.
Every Curated Vault and OTP accepts eligible participants on the same terms whether or not they hold $CIT.
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